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1 Corporate Governance Principle

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CORPORATE GOVERNANCE

CORPORATE GOVERNANCE

Corporate Governance Principle

To protect the interests of all stakeholders and to increase its value to shareholders, the Company has been applying the principles of Good Corporate Governance in its line of business. In conducting its operations, the Company is committed to uphold business ethics and the principle of transparency, in accordance with prevailing laws and regulations.

Good Corporate Governance has a significant impact towards the determination and the accomplishment of the Company’s goals, as well as in shaping and developing the Company’s corporate culture. For the Company, the implementation of Good Corporate Governance within

its business process serves as a solid foundation in realizing the Company’s vision and mission.

The Principles of Good Corporate Governance serves as a set of standards that aims to further

enhance the Company’s image, efficiency, effectivity, and social responsibility. The Principles of

Good Corporate Governance encompasses transparency, accountability, propriety, independence and responsibility.

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